"At a well attended inauguration of the Labour Party Presidential Campaign Council in Abuja on Friday, The importance of campaign funding and the need for collaboration with stakeholders, particularly the candidates of the party at various levels was extensively spoken on by me.
"More emphasised was also laid on the fact that our presidential candidate alone, Peter Obi cannot fund the election as he is known to be someone who never engaged in the gluttonic acquisition of our common patrimony in his days as a public servant.
"However , the news making the round that I said that Labour Party is broke 24 hours to our campaign was reported out of context, hence the need to put the records straight.
"What I said is that presidential election is very expensive and the presidential candidate alone will not be able to shoulder all the expenses and that we will therefore be needing collaboration from all candidates of the party and all well-meaning Nigerians too."